Needham Defends Maxwell (MXWL) Following Earnings; Upgrades to Buy

An analyst at Needham is sticking his neck out and defending shares of Maxwell Technologies (Nasdaq: MXWL) this morning, upgrading the stock following a Q3 loss reported last night. Shares have tumbled nearly 11% today, most recently trading at $16.90.

The Needham analyst lifted his investment rating on the stock from Hold to Buy, also setting a $25 price target.

Elsewhere on the Street, we have analysts from Piper Jaffray and Ardour Capital downgrading the stock following the disappointing earnings. These firms have $12 and $16 price targets on the stock, respectively.

To see all the upgrades/downgrades specifically for shares of Maxwell Tech, visit our Analyst Ratings page.

Maxwell Technologies, Inc. engages in the development, manufacture, and marketing of energy storage and power delivery products.

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